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IN THE HIGH COURT FOR THE STATE OF TELANGANA

AT HYDERABAD

THE HON’BLE SMT.JUSTICE TIRUMALA DEVI EADA

CRIMINAL PETITION No.14985 of 2025

Date:29.12.2025

Between:

Atluri Naveen Reddy and two others.

…Petitioners/Accused Nos.1 to 3

And

State of Telangana,

Rep. by the Public Prosecutor,

High Court for the State of Telangana,

Hyderabad and another

... Respondents

ORDER:

This Criminal Petition is filed by the petitioners-accused Nos.1

to 3 seeking to quash the proceedings in CC No.14233 of 2024 on

the file of XII Additional Chief Judicial Magistrate at Nampally,

Hyderabad, registered for the offences under Sections 420, 465,

467, 468 and 471 read with 34 IPC.

2. Heard Sri G. Venkat Reddy, learned Counsel for the

petitioners and Sri Jithender Rao Veeramalla, learned Additional

Public Prosecutor for the respondent No.1-State.

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3. The case of the prosecution is that the petitioners –

accused Nos.1 to 3 have cheated the de facto complainant’s

company to a tune of Rs.26.50 crores by preparing fake Board

Meeting Resolution and by forging the signature of the de facto

complainant and by using the same, the petitioners have sold

several plots to third parties.

4. Learned counsel for the petitioners has submitted that the

petitioners never forged the Board Resolution as alleged by the de

facto complainant. He further submitted that the charge sheet is

silent as to the allegations against the petitioners and that the

prosecution could not collect any identity of the alleged third parties

and that there is no allegation against the petitioners that the funds

were diverted into petitioner No.1’s account. He further submitted

that the prosecution failed to show any material against the

petitioners to prove that they forged the signatures of the de facto

complainant and that the matter is purely of civil nature, but it is

given a criminal cloth to settle the scores on civil side and that just to

harass the petitioners, the present complaint has been initiated by

the de facto complainant and LWs.2 and 3. He further submitted

that four other FIRs were lodged against the petitioners bearing

grudge against them and out of the said FIRs, FIR Nos.2 of 2023

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Crl.P. No.14985 of 2025

and 62 of 2023 were closed by the Investigating Officer stating “Lack

of Evidence”, but the same Investigating Officer has filed the present

case though it is based on the similar allegations and thus, the

Investigation Officer acted in collusion with the de facto complainant.

He, therefore, prayed to quash the proceedings against the

petitioners.

5. Learned Additional Public Prosecutor has submitted that

there are strong allegations against the petitioners that they have

forged the signatures of the de facto complainant and registered the

plots in the names of third parties and have diverted the funds to

their own accounts. He further submitted that the computers with

which such fraud has been committed, have been seized during the

course of investigation and that all the contentions raised by the

learned counsel for the petitioners are triable issues and hence, he

prayed to dismiss the petition.

6. Perused the record.

7. A perusal of the record discloses that the de facto

complainant and petitioner No.1 have their own separate companies

and that they have started two joint venture companies i.e. Sark N

Square Private Limited and Sark N Square Projects Private Limited

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and both of them are Directors of the said Joint Venture Companies

(JV Companies) and their own separate companies are the

Shareholders in the said JV Companies. While so, the de facto

complainant got an extent of Acs.5.00 gts., of land for development

of housing project at Nadergul Village, L.B. Nagar in the month of

March, 2021 and another extent of Acs.10.00 of land for

development of the housing project at Kondakal Village,

Shankerpally, Ranga Reddy District in April, 2021 and both the

projects were taken up by the JV Companies. Subsequently, both

the JV Companies started mul